Re: Financing
Published: 13/06/2005, 17:22
Bristol Water PLC 13 June 2005 13 June 2005 Not for release, publication or distribution in or into the United States, Canada, Australia or Japan. Bristol Water plc Recommended proposals by Bristol Water Group for a return of 148 pence per Ordinary Share and a 10 for 13 Consolidation of Bristol Water Group plc's Ordinary Shares Additional financing secured Bristol Water plc notes the announcement made today by Bristol Water Group plc, the text of which is set out below. "Bristol Water Group plc Recommended proposals for a return of 148 pence per Ordinary Share and 10 for 13 Consolidation Additional financing secured The Board of Bristol Water Group plc is pleased to announce that Bristol Water plc, its regulated water business, has now completed the additional financing of £57 million required to complete the Return. As set out in the shareholder circular dated 20 May 2005, the borrowings were provided through the Artesian Programmes and are index-linked. Accordingly the Return remains conditional upon the passing of the resolution at the EGM to be held at 11.00 a.m. on 16 June 2005 and Court approval. Terms used in this announcement shall have the same meaning as those in the Circular." Enquiries Bristol Water plc Tel: 0117 953 6407 Alan Parsons, Chairman Andy Nield, Finance Director This information is provided by RNS The company news service from the London Stock Exchange